Promoting green growth and reducing carbon emissions in Thai Nguyen

On the afternoon of June 18, Mr. Nguyen Thanh Binh, Vice Chairman of the Thai Nguyen Provincial People's Committee, chaired a meeting with a delegation from Global Advisory Co (Australia) to discuss solutions for promoting green growth and reducing carbon emissions in Thai Nguyen province.

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Speaking at the meeting, Mr. Nguyen Thanh Binh emphasized that Thai Nguyen province is always concerned with green growth. 

Mr. Nguyen Thanh Binh delivers his speech at the meeting.

Currently, the Vietnamese government is finalizing the Carbon Market Development Project in Vietnam, including related legal regulations on emission reduction, greenhouse gas inventory, carbon quota allocation, financial mechanisms, carbon trading, and offsetting mechanisms, to implement the domestic carbon market from 2025 onwards gradually.

Mr. Harry Hughes, Head of the Green Strategy and Carbon Department at Global Advisory Co, shared his experiences in implementing sustainable development and green growth planning.

According to representatives from Global Advisory Co, Thai Nguyen, with abundant natural resources and extensive forested areas, has great potential to implement carbon reduction projects, including carbon sequestration in soil and carbon credit production. Through these projects, Thai Nguyen can significantly reduce emissions and generate substantial revenue through carbon credit programs.

Both sides agreed to continue organizing further meetings soon to delve deeper into these discussions.

Global Advisory Co is a leading consultancy firm in Australia, specializing in providing financial guidance and deep strategic insights to governments and corporations worldwide.